WASHINGTON (MNI) – The following is the commentary from the
ICSC-Goldman Sachs Weekly Chain Store Sales Snapshot released Wednesday:
The pace of retail sales for the first week of fiscal September
ushered in the month on a weak note. The ICSC-Goldman Sachs (ICSC-GS)
chain store sales index for the week ending September 4 declined by 0.4%
on a week-over-week basis, while the year-over-year pace moderated to
1.8% — its slowest since May 22 (+1.3% y/y). Weather negatively
affected sales for yet another week as the consumers’ appetite for “buy
and wear” fall apparel demand was curbed.
…
For the fiscal month of September, ICSC Research expects sales will
increase by about 3% — a continuation of recent trends in demand.
** Market News International Washington Bureau: 202-371-2121 **
[TOPICS: MAUDT$,MAUDS$,M$U$$$]
